Comments
Indian Bank has introduced a few technology products, including one that aims to tackle transactions with ease, following demonetisation.
The Chennai-headquartered public sector bank has joined the list of banks that have rolled out UPI (Unified Payment Interface) app.
The app will enable Indian Bank customers to send and receive money using their smartphones. UPI is a system that powers multiple bank accounts into a single mobile application, merging several banking features, seamless fund routing and merchant payments, according to a statement.
It introduced USSD banking, under which customers and merchants can register their details through their mobile phone by calling *99*58#.
This unique platform will empower the customers to make payment directly to, among others, a mobile number and virtual public address without internet connection.
Indian Bank has also launched a home loan application tracker for customers. These initiatives were unveiled by Mahesh Kumar Jain, MD & CEO, and AS Rajeev, Executive Director, at the bank’s headquarters in Chennai on Monday.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.